Wall Street analysts expect SemGroup Corp (NYSE:SEMG) to report earnings of ($0.20) per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for SemGroup’s earnings, with the lowest EPS estimate coming in at ($0.28) and the highest estimate coming in at ($0.08). SemGroup reported earnings of $0.12 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 266.7%. The firm is expected to issue its next quarterly earnings report on Wednesday, August 14th.
According to Zacks, analysts expect that SemGroup will report full-year earnings of ($0.90) per share for the current year, with EPS estimates ranging from ($1.17) to ($0.54). For the next fiscal year, analysts expect that the firm will report earnings of ($0.44) per share, with EPS estimates ranging from ($0.84) to $0.02. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow SemGroup.
SemGroup (NYSE:SEMG) last released its quarterly earnings results on Tuesday, May 7th. The pipeline company reported ($0.18) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.17). SemGroup had a positive return on equity of 2.28% and a negative net margin of 0.02%. The firm had revenue of $567.23 million for the quarter, compared to analyst estimates of $553.33 million.
Several institutional investors have recently made changes to their positions in the company. Chickasaw Capital Management LLC raised its stake in shares of SemGroup by 1.7% during the 1st quarter. Chickasaw Capital Management LLC now owns 8,301,719 shares of the pipeline company’s stock worth $122,367,000 after purchasing an additional 139,057 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in SemGroup by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 6,666,079 shares of the pipeline company’s stock valued at $91,858,000 after acquiring an additional 22,014 shares during the period. BlackRock Inc. raised its stake in SemGroup by 3.3% in the 4th quarter. BlackRock Inc. now owns 5,621,465 shares of the pipeline company’s stock valued at $77,464,000 after acquiring an additional 178,897 shares during the period. Tortoise Capital Advisors L.L.C. raised its stake in SemGroup by 7.5% in the 1st quarter. Tortoise Capital Advisors L.L.C. now owns 5,219,019 shares of the pipeline company’s stock valued at $76,928,000 after acquiring an additional 365,089 shares during the period. Finally, Clearbridge Investments LLC raised its stake in SemGroup by 4.7% in the 1st quarter. Clearbridge Investments LLC now owns 2,666,972 shares of the pipeline company’s stock valued at $39,311,000 after acquiring an additional 120,076 shares during the period. Institutional investors own 90.82% of the company’s stock.
NYSE:SEMG traded up $0.02 during trading hours on Tuesday, reaching $11.79. 619,211 shares of the stock were exchanged, compared to its average volume of 635,719. SemGroup has a twelve month low of $11.06 and a twelve month high of $26.78. The company has a quick ratio of 1.30, a current ratio of 1.39 and a debt-to-equity ratio of 1.16. The company’s 50 day simple moving average is $12.15.
SemGroup Company Profile
SemGroup Corporation provides gathering, transportation, storage, distribution, marketing, and other midstream services for producers, refiners of petroleum products, and other market participants. The company operates in three segments: U.S. Liquids, U.S. Gas, and Canada. The U.S. Liquids segment operates crude oil pipelines, truck transportation, storage, terminals, and marketing businesses; stores, blends, and transports refinery products and refinery feedstock through pipeline, barge, rail, truck, and ship; and operates a residual fuel oil storage terminal in the U.S.
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